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Calendar Year

1997 in US Banking

1,527 bank events are on record for 1997: 1 failure, 1,240 mergers or acquisitions involving a bank, credit union or bank holding company, and 286 enforcement actions.

1
Failures
$27.9M in failed assets
1,240
Mergers
Federal Reserve NIC, banking organizations
286
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings

Jump to: Bank failures 1997 · Bank mergers 1997

How many banks failed in 1997?

1 bank failed in 1997, with $27.9M in assets. Each failure below links to its own page.

Date Bank HQ Assets Acquirer or resolution
Nov 21, 1997 Southwest Bank Jennings, LA $27.9M First Southwest Bank

Which banks merged in 1997?

1,240 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1997.

See the fuller list: Bank mergers 1997 with largest deals and credit union mergers ›

Date Acquired St Acquirer
Aug 30, 1997 Centerpoint Bank NH CFX Bank
Aug 30, 1997 Barnett Bank of Southeast Georgia National Association GA Barnett Bank, National Association
Aug 30, 1997 Appleton City Bancshares, Inc. MO Community First Bancshares, Inc.
Aug 29, 1997 The Bank of New Haven CT Citizens Bank of Connecticut
Aug 29, 1997 The Bank of Ocilla, Georgia GA Citizens Security Bank
Aug 29, 1997 Irwin Bancorp, Inc. GA Ameris Bancorp
Aug 26, 1997 Fort Wayne Police Department Federal Credit Union IN Fire Police City County Federal Credit Union
Aug 25, 1997 Burleson State Bank TX First State Bank of Texas
Aug 23, 1997 Riverside Bancshares, Inc. LA Mansfield Bancshares, Inc.
Aug 23, 1997 Citizens Savings Bank F.S.B. MD Provident Bank of Maryland
Aug 23, 1997 The Exchange State Bank KS Cornerbank
Aug 23, 1997 Mark Twain Illinois Bank IL Firstar Bank Missouri, National Association
Aug 23, 1997 Journal Employees Credit Union IA The Municipal Federal Credit Union
Aug 23, 1997 Mansfield Bank and Trust Company LA Community Bank of Louisiana
Aug 23, 1997 Progressive Bank, National Association-Bellaire OH Progressive Bank, N.A.
Aug 23, 1997 Mercantile Bank of Illinois IL Firstar Bank Missouri, National Association
Aug 22, 1997 West Columbia National Bank TX Norwest Bank Texas, South Central
Aug 22, 1997 The Farmers National Bank of Geneseo IL Wells Fargo Bank Illinois, National Association
Aug 18, 1997 Libsab Bancorp, Inc. KY Peoples First Corporation
Aug 16, 1997 Boatmen's Arkansas, Inc AR NB Holdings Corporation
Aug 16, 1997 Boatmen's Bancshares of Iowa, Inc. MO NB Holdings Corporation
Aug 16, 1997 Regions Bank of Tennessee TN Regions Bank
Aug 16, 1997 Boatmen's Sunwest, Inc. NM NB Holdings Corporation
Aug 16, 1997 Boatmen's Bank Iowa, National Association IA Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Arkansas AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Batesville AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Hobbs, National Association NM Bank of America, N.A.
Aug 16, 1997 Boatmen's Bank of Fort Dodge IA Bank of America, N.A.
Aug 16, 1997 Boatmen's Bank of North Iowa IA Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Russellville AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Gallup NM Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Rio Arriba, National Association NM Bank of America, N.A.
Aug 16, 1997 First National Bank of Houma LA Whitney National Bank
Aug 16, 1997 Boatmen's National Bank of Northwest Iowa IA Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Newark AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Northwest Arkansas AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Clovis, National Association NM Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Roswell, National Association NM Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of South Arkansas AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Albuquerque, National Association NM Bank of America, N.A.
Aug 16, 1997 Guaranty Federal Savings Bank TN Union Planters Bank of Kentucky, National Association
Aug 16, 1997 Boatmen's National Bank of North Central Arkansas AR Bank of America, N.A.
Aug 16, 1997 Tri-State Bank ID Zions Bancorporation, N.A.
Aug 16, 1997 SUNWEST Bank of Santa Fe NM Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Las Cruces, National Association NM Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Conway AR Bank of America, N.A.
Aug 16, 1997 Boatmen's Bank of Northeast Arkansas AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Hot Springs AR Bank of America, N.A.
Aug 16, 1997 Boatmen's National Bank of Pine Bluff AR Bank of America, N.A.
Aug 16, 1997 SUNWEST Bank of Raton, National Association NM Bank of America, N.A.

The list holds 500 of the 1,240 mergers recorded for 1997.

Enforcement Actions in 1997

Action date Agency Institution Action
Apr 4, 1997 OCC_OTS (individual) Cease and Desist: James F. Gibson
Apr 4, 1997 OCC_OTS First Federal Savings Bank Civil Money Penalty: James F. Gibson
Apr 4, 1997 OCC_OTS (individual) Orders of Removal/Prohibition: James F. Gibson
Apr 3, 1997 OCC The Peoples National Bank of Checotah Prohibition/Removal Orders: Townsend, Georgeanna
Apr 3, 1997 OCC (individual) Civil Money Penalty (CMP): Nix, Jimmy E.
Apr 3, 1997 OCC (individual) Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Taylor, Scott
Apr 3, 1997 OCC First Central Bank, National Association C&D or PC&D Requiring Restitution: First Central Bank, National Association
Mar 31, 1997 OCC_OTS Commercial Pacific Savings and Loan Association Orders of Removal/Prohibition: Kirby Keith Gordon
Mar 31, 1997 OCC First National Bank of Bellaire Civil Money Penalty (CMP): Vickery, Charles R.
Mar 31, 1997 OCC_OTS (individual) Cease and Desist: Kirby Keith Gordon
Mar 31, 1997 OCC_OTS Doolin Security Savings Bank, FSB Decision/Opinion and Order: Doolin Security SB, FSB
Mar 28, 1997 FRB Bankers Company of New York Cease and Desist Order: Mark E. Schindler
Mar 28, 1997 FRB Bankers Company of New York Civil Money Penalty $25,000: Mark E. Schindler
Mar 28, 1997 FRB Bankers Company of New York Civil Money Penalty $9,000: Grace Koo
Mar 28, 1997 OCC_OTS Hancock Savings Bank Cease and Desist: Hancock SB, FSB
Mar 28, 1997 OCC_OTS Topa Savings Bank Cease and Desist: Michael E. Taylor
Mar 28, 1997 FRB Bankers Company of New York Cease and Desist Order: Grace Koo
Mar 27, 1997 FRB (individual) Civil Money Penalty $22,320,000: The International Commercial Bank of China, Taipei, Taiwan
Mar 27, 1997 FRB (individual) Cease and Desist Order: The International Commercial Bank of China, Taipei, Taiwan
Mar 24, 1997 OCC_OTS California Federal Bank, A FSB Orders of Removal/Prohibition: Eller Hernandez
Mar 20, 1997 OCC (individual) Prohibition/Removal Orders: Tsai, David
Mar 20, 1997 OCC (individual) C&D or PC&D Requiring Restitution: First Central Bank, N.A.
Mar 20, 1997 OCC Wells Fargo Bank, N.A. Prohibition/Removal Orders: Tran, Lisa
Mar 20, 1997 FRB (individual) Prohibition from Banking: Juan Echeverri
Mar 20, 1997 OCC_OTS California Federal Bank, A FSB Orders of Removal/Prohibition: Lenard Canta
Mar 20, 1997 OCC (individual) Civil Money Penalty (CMP): Tsai, David
Mar 20, 1997 OCC (individual) C&D or PC&D Requiring Restitution: Tsai, David
Mar 17, 1997 OCC (individual) Prohibition/Removal Orders: Rowe, Samuel J.
Mar 17, 1997 OCC_OTS California Federal Bank, A FSB Orders of Removal/Prohibition: Julie Bryant
Mar 14, 1997 OCC_OTS Eureka Homestead Orders of Removal/Prohibition: Paul D. Clayton
Mar 12, 1997 OCC_OTS South Bend Federal Savings and Loan Association Orders of Removal/Prohibition: Dennis D. Konstanty
Mar 7, 1997 FRB The Bank of Corning Company Civil Money Penalty $2,000: John W. Gillogly
Mar 7, 1997 FRB The Bank of Corning Company Cease and Desist Order: John W. Gillogly
Mar 6, 1997 FRB Pan American Bank of Miami Written Agreement: Luis A. Ortega
Mar 6, 1997 OCC_OTS Bell Federal Savings and Loan Association Orders of Removal/Prohibition: Veotia R. DaSilva
Mar 6, 1997 FRB Bankers Company of New York Cease and Desist Order: Oliver Lu
Mar 6, 1997 FRB Bankers Company of New York Civil Money Penalty $50,000: Oliver Lu
Mar 6, 1997 FRB (individual) Written Agreement: Interbank Holding Company, Miami, FL
Mar 6, 1997 FRB Pan American Bank of Miami Written Agreement: Glenn M. Goldhagen
Mar 5, 1997 OCC Peoples National Bank of Commerce Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Peoples National Bank of Commerce
Mar 2, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Lara, Deanna
Feb 26, 1997 FRB (individual) Prohibition from Banking: Damian Cope
Feb 25, 1997 OCC Webster Trust Company, N.A. Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Sachem Trust National Association
Feb 24, 1997 OCC_OTS Bankers Federal Savings FSB Supervisory Agreement: Bankers Federal Savings, FSB
Feb 21, 1997 OCC Bank of America, N.A. Prohibition/Removal Orders: Barnes, Delia
Feb 20, 1997 OCC_OTS Wayne Bancorp, Inc. Orders of Removal/Prohibition: Grace M. McKeal
Feb 19, 1997 OCC_OTS Century Financial Group Inc Civil Money Penalty: Barry W. Florescue
Feb 19, 1997 OCC_OTS Century Financial Group Inc Cease and Desist: Barry W. Florescue
Feb 18, 1997 OCC_OTS Union Federal Bank, a Federal Savings Bank Cease and Desist: Edward J. Faneuil
Feb 13, 1997 FRB The Asahi Bank, Ltd. Civil Money Penalty $5,000,000: The Asahi Bank, Ltd., Tokyo, Japan and The Asahi Bank, …

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